IDNStudy.com, kung saan nagtatagpo ang mga tanong at sagot. Alamin ang mga detalyadong sagot mula sa mga bihasang miyembro ng aming komunidad na sumasaklaw sa iba't ibang paksa para sa lahat ng iyong pangangailangan.
Answer:
The total of his money for 2 years is 3,120
Compounded means the interest added each month
in 2 years there's 24 months
4.5%• 24= 108%
so 1500 have a 100 percentage
Let's do a math
Let's find the total of his money for 2years
108%+100%= 208%
1500• 2.08= 3,120
Next is we find the total of the interest
3,120-1500= 1,620
so the total of the interest added in his money is 1,600
Hope it helps.